Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) A primary purpose of cost accounting is to determine valuations needed for external financial statements.
B) A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making.
C) The act of converting production inputs into finished products or services necessitates cost accounting.
D) Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.